Uzbekistan and Saudi Arabia have strengthened their strategic economic partnership with new projects in the capital’s development plan, including the construction of the ‘Riyadh Quarter’ in New Tashkent and the launch of a new international airport.
The agreements, signed during high-level meetings, bring the total portfolio of joint initiatives to $30 billion.
Investment Portfolio
At the latest session of the Uzbekistan–Saudi Arabia Intergovernmental Commission and Business Council, the two sides signed 10 new agreements worth $4 billion across energy, healthcare, industry, and transport. Minister of Investments, Industry and Trade Laziz Kudratov said these were “not sovereign loans but direct foreign investments — a sign of Saudi Arabia’s trust in Uzbekistan”.
Saudi Arabia’s ACWA Power continues to play a central role in Uzbekistan’s renewable energy transition, operating solar and wind plants in Tashkent, Bukhara, and Karakalpakstan, as well as managing the Shirin Energy College in Syrdarya. A major new project with Vision Invest (Saudi Arabia) and Air Products (United States) will focus on producing sustainable aviation fuel (SAF) for Uzbekistan’s expanding aviation sector.
New Tashkent Projects
One of the flagship Saudi-backed projects will be the construction of the ‘Riyadh Quarter’ in New Tashkent, to be developed jointly by Al Majdiah and First Avenue companies from Saudi Arabia. The initiative is expected to become a residential and commercial hub symbolising bilateral friendship. President Shavkat Mirziyoyev described it as “a bridge uniting the two nations”.
Aviation Expansion
As part of Uzbekistan’s broader infrastructure modernisation, President Mirziyoyev has also laid the foundation for a new international airport in New Tashkent, to be built in partnership with Vision Invest (Saudi Arabia, 45%), Sojitz Corporation (Japan, 30%), Incheon Airport Corporation (South Korea, 15%), and Uzbekistan Airports (10%). The $2.6 billion project, designed by Dutch firm NACO Consulting, will cover 1,310 hectares and serve up to 20 million passengers annually.
The country also plans to increase its total aircraft fleet from 105 to 180 over the next five years. Recent contracts include Uzbekistan Airways’ order for 14 Boeing 787-9 Dreamliners and an option for 8 more, as well as agreements to acquire 14 Airbus aircraft and lease 5 additional planes.
These steps would help transform Uzbekistan into a “regional aviation hub connecting East and West”. The expanded fleet and airport complex could generate $700 million in annual revenue.
Russian President Vladimir Putin said on Tuesday that Moscow does not seek a war with European powers, but is ready to fight if Europe chooses confron...
Azerbaijan’s Deputy Foreign Minister Yalchin Rafiyev says COP31 in Türkiye will strengthen regional climate cooperation, with Baku ready to share i...
President Nicolas Maduro on Tuesday approved a migrant repatriation flight from the United Sates days after Caracas said comments by U.S. President Do...
The FIFA Arab Cup 2025 has officially kicked off, bringing together 16 national teams from across the Arab world in a celebration of culture, competit...
Ukrainian President Volodymyr Zelenskyy said on Tuesday that he expects to hear from U.S. negotiators soon after they conclude their meetings in Mosco...
Tajikistan’s President Emomali Rahmon has held an emergency meeting with the country’s security leadership following the death of five people at the Tajik Afghan border.
Chinese AI startup DeepSeek has introduced its newest model, DeepSeek-V3.2-Speciale, claiming it can perform some tasks as well as the latest models from Google DeepMind and OpenAI.
NATO Chief Mark Rutte repeated on Tuesday that the consensus needed for Ukraine to join the alliance is not there at the moment.
Belgian police have raided the EU’s diplomatic service and the College of Europe as part of a corruption probe into an EU-funded training academy for diplomats, detaining three suspects and searching multiple premises, according to Politico.
A four-part docuseries executive produced by Curtis '50 cent' Jackson and directed by Alexandria Stapleton on Netflix is at the centre of controversy online.
Security concerns across Central Asia have intensified rapidly after officials in Dushanbe reported a series of lethal incursions originating from Afghan soil, marking a significant escalation in border violence.
Moscow and Kyiv painted very different pictures of the battlefield on Sunday, each insisting momentum was on their side as the fighting around Pokrovsk intensified.
Russia has claimed a decisive breakthrough in the nearly four-year war, with the Kremlin announcing the total capture of the key logistics hub of Pokrovsk just hours before United States mediators were due to arrive in Moscow.
U.S. President Donald Trump confirmed on Sunday that he had spoken with Venezuelan President Nicolas Maduro, but did not provide details on what the two leaders discussed.
Russian President Vladimir Putin said on Tuesday that Moscow does not seek a war with European powers, but is ready to fight if Europe chooses confrontation.
President Nicolas Maduro on Tuesday approved a migrant repatriation flight from the United Sates days after Caracas said comments by U.S. President Donald Trump had effectively halted the programme.
The FIFA Arab Cup 2025 has officially kicked off, bringing together 16 national teams from across the Arab world in a celebration of culture, competition, and football unity.
Ukrainian President Volodymyr Zelenskyy said on Tuesday that he expects to hear from U.S. negotiators soon after they conclude their meetings in Moscow, where discussions are focused on advancing a potential peace deal to end Russia’s war in Ukraine.
Global arms revenues hit a record 679 billion dollars in 2024, reflecting a sweeping rearmament drive across major powers and rising military pressures from Europe to the Middle East.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment